Oracle is slated to launch a cloud computing-based infrastructure-as-a-service platform in the first half of 2014, CRN reported Wednesday.

Kevin McLaughlin writes Larry Ellison, CEO of Oracle, told reporters at a quarterly earnings call that the company also plans to release a software-as-a-service portfolio for enterprise clients in the coming year.

“We intend to compete aggressively in the commodity infrastructure-as-a-service marketplace,” Ellison said, according to the article.

Ellison added that the company will unveil a suite of enterprise SaaS apps and that the company’s goals are to be “cost competitive and price competitive at the infrastructure level while being highly differentiated at both the platform level and the application level.

The article noted Oracle’s bookings of cloud-based products rose 35 percent in the second quarter compared to the same period last year.